Contracts
In South Carolina, what is an 'estoppel' in contract law?
AA legal stop order preventing a sale
BA legal doctrine preventing a person from asserting a position inconsistent with their prior words or actions when another party has relied on those words or actions✓ Correct
CA type of contract termination
DAn attorney's certificate confirming a contract's validity
Explanation
Estoppel prevents a party from contradicting a previous representation or position when another party has reasonably relied on it. In real estate, promissory estoppel may enforce an otherwise non-binding promise if the other party relied on it to their detriment.
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